Launching a startup business comes with challenges. The United States sees over 600,000 new businesses launching each year. Of these businesses, a quarter will fail in their first year, and only half will make it to their fifth year. No one wants to pour their passion,…
Every business needs an efficient system for billing and payment. But this is often easier said than done. Why is that? It comes down to the concept of cash flow. In fact, the results of a U.S. Bank study conclude that cash flow problems are the…
Your small business growth relies on available cash. You understand this. Lenders understand this, and some lenders aim to take advantage of this. Lending practices with unfair repayment terms, disproportional interest rates, and high advances can not only ruin your business but also your personal financials.…
Invoice factoring and the amount available for funding relies on your company’s sales rather than the time you have been in business, personal credit score, or business credit score. Only 46% of businesses received the full amount of financing sought according to the 2017 Small Business…
When starting a new business, there are so many aspects that are reliant on cashflow. Large corporations can wait months for payments to go through, but smaller companies simply cannot. That’s where funding accounts receivables come in. Accounts receivable financing companies can help your new startup…
As 2019 is officially underway, it’s time for entrepreneurs to start making moves toward running successful businesses of their own. Hopefully, you have already developed a strong business plan, have purchased a building to run your business out of, and got a few hardworking and trusted…
Factoring often gets a reputation for being an expensive method of business finance. Bank loans are typically the least expensive option for business funding, if you have the right credit and financial statements. Online lenders and merchant cash advances report high approval rates but similarly high…
Stress is a silent killer. A healthy level of “pressure” can help you focus and get stuff done, but there is a point where, if you subject your body to continual stress, the chances of developing a chronic disease skyrocket. Here are 5 simple tips to…
Business growth is every small business owner’s dream. You put in the time, effort, and risk to start your own business, so it follows that you want to see it succeed. An expanding business offers obstacles to overcome for continual success. Complacency is the enemy of…
A business plan serves as a road-map to keep your business on track. The length of your plan depends on how much detail you want to include and can range anywhere from 3 to 30 pages. It’s important to take the time to create a detailed…